2008 (3) TMI 299

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and senior standing counsel appearing for the respondents. The petitioner applied for settlement of income- tax liability for the year 1982-83 under the Kar Vivad Samadhan Scheme of 1998. The proceedings issued, vide exhibit P5, show that liability due for 1982-83 was only interest payable under various provisions of the Income- tax Act and the petitioner was allowed to settle the liability by pa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ment made vide exhibit P3. I do not think the petitioner is entitled to challenge the exhibit P3 proceedings after acting upon the same by making payments of balance amount due merely because the Kar Vivad Samadhan Scheme would have resulted in better benefit to the petitioner, had the adjustment not been made by the Assessing Officer. The petitioner having discharged the balance tax liability aft .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X